05-30-2012, 01:46 PM
"...the accreditation process was its downfall." (page 16 of the Final Order).
Quote:Court Grants Final Approval to Settlement
On May 25, 2012, United States Magistrate Judge Harwell G. Davis, III issued a final order granting final approval to the settlement reached in Goldberg v. Clayton College of Natural Health, Inc., Case No. 2:10-cv-02990-HGD. Judge Davis ruled that the settlement is fair, adequate and reasonable. The settlement creates a $2.31 million Settlement Fund and provides for claimants to receive tuition discounts and credit transfer opportunities at two other natural health schools. A copy of the Court’s 43-page opinion can be reviewed here.
In light of the Court’s entry of the final order, the Court-appointed Claims Administrator, Garden City Group, is now making final calculations and determinations with regard to 5,261 claimants who submitted claims to the Claims Administrator that the Court has ruled may be entitled to benefits. Pursuant to the Court’s final order, claimants may receive distributions from a fund totaling $1,552,136.86, following Court-approved payment of attorney fees and costs. A method for calculating distributions was approved by the Court and is set forth on pages 7 and 8 of the Class Notice, which can be reviewed here.
Garden City Group currently anticipates completing its calculations and determinations by June 30, 2012, and mailing checks to claimants soon thereafter.
Questions with regard to the remaining claims process can be directed to Garden City Group at (888) 714-2544. This website will also be periodically updated.